New Wire
CONTRIBUTOR – Arundhati Sarkar, Reuters
NOV 19, 2020
Nov 19 (Reuters) – Canadian forestry company West Fraser Timber Co WFT.TO said on Thursday it would acquire wood-based panels maker Norbord Inc OSB.TO in an all-stock deal valued at about C$4 billion ($3.05 billion).
Norbord shareholders will receive 0.675 of a West Fraser share for each Norbord share.